Overview
- Senators approved the Chamber of Deputies’ tariff package in a rapid vote with 76 in favor and 35 abstentions, advancing 1,463 changes to Mexico’s import schedule without further committee review.
- Final rates generally fall between 20% and 35% across 17 sectors—covering items such as textiles, steel, autos and parts, appliances, furniture, toys and cosmetics—though some lines carry 5% to 50%.
- The law targets goods from nations without trade pacts with Mexico, including China, South Korea, India, Vietnam, Thailand, Taiwan, Indonesia, Brazil, the UAE, Nicaragua and South Africa.
- Legislators estimate the adjustments touch about $51.9 billion in imports (8.3% of 2024 total) and added a transitory clause allowing the Economy Ministry to implement mechanisms to ensure input availability.
- Business groups warned of inflation and supply‑chain strain and China’s ambassador criticized the move, while Coparmex called it a signal to the U.S. during T‑MEC talks and the auto industry association voiced support.